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Fed officials are quick to point out how difficult forecasting has become. Rate hikes also operate with a lag, and there's no certainty around whether the economy is barreling toward a recession or could narrowly avoid one.
Custodia's lawsuit with the Federal Reserve over master account access is poised to advance to trial. Regardless of the outcome, the case will be consequential.
A little more than a year after a trading controversy rattled the Federal Reserve's standing in Washington and beyond, new ethics missteps have hampered efforts by the U.S.
James Bullard, who leads the Federal Reserve Bank of St. Louis, appeared at a Citigroup forum last week in Washington. Reporters were not invited.
The Wyoming crypto bank is attempting to force the Federal Reserve's hand on master account policy. The Fed would rather go at its own pace.